%0 Journal Article
%T Bounded Rationality and Bounded Reliability: A Study of Nonfamily Managers¡¯ Entrepreneurial Behavior in Family Firms
%A Josip Kotlar
%A Philipp Sieger
%J Entrepreneurship Theory and Practice
%@ 1540-6520
%D 2019
%R 10.1177/1042258718796085
%X We use transaction cost economics to explain the individual-level entrepreneurial behavior of family and nonfamily managers in family firms. We argue that nonfamily managers exhibit lower entrepreneurial behavior than family managers, particularly after the founder¡¯s departure from the business. Moreover, we identify an expanded set of factors through which family firms can facilitate nonfamily managers¡¯ entrepreneurial behavior, including monitoring, incentives, distributive justice, access to the top management, and job control perceptions. We test these hypotheses in a sample of 296 family firm managers, contributing new insights on nonfamily managers and corporate entrepreneurship in family firms
%K bounded rationality
%K bounded reliability
%K transaction cost economics
%K (non)family managers
%K entrepreneurial behavior
%U https://journals.sagepub.com/doi/full/10.1177/1042258718796085